Arbitration

Arbitration is a dispute resolution method in which parties agree to resolve their disputes by persons called arbitrators instead of courts. By choosing arbitration, the parties ensure that their dispute is resolved by experts in an efficient and time-effective way. Arbitral awards are as binding as court decisions and are enforced through execution officers. An arbitration agreement must exist between the parties to initiate such dispute resolution.  

An important step was taken in the field of arbitration in Turkey in 2001, and the International Arbitration Law No. 4686, which was prepared on the basis of the UNCITRAL Model Law, came into force. Section 11 of the Code of Civil Procedure which focuses on domestic arbitration has also been prepared based on the UNCITRAL Model Law. In addition, Turkey is a party to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards and the European Convention on International Commercial Arbitration. In this respect, Turkey has a modern arbitration law.  

The Solution provides training and consultancy services regarding arbitration.